Looks like I got lucky on BZUN, those Mar 45 calls took off with shares pushing back up. I also added WUBA ahead of earnings tonight. Used the March 80 calls. Just looking for earnings to accelerate from here.
My trades
- Thread starter optionsinvestor
- Start date
I doubt I can trade the way you traded. I am just a mom and pop retail, though I did learn some very valuable lessons watching your trades unfolded.
https://www.investors.com/news/tech...pecialist-earnings-top/?src=A00220&yptr=yahoo
However, are you worry about these after hour moves? If not why not?
Keep it up and reach for the stars!
Position size is key here. On the BZUN calls, I had $690 risk from $32K total when I opened the trade. That puts it at 2.1% of total account. I'd prefer not to take a 100% loss on this trade, but if all goes bad, then I'm okay with it. More than likely, I will take closer to an 80% loss. It will depend on how the market opens this morning compared to how the market traded in AH last night into premarket. I'll say right now, things actually look bullish as we were at SP500 of -30 and right now it's closer to -20.
I think I said it before though that during corrections, I tend to lower risk. I've held positions for a shorter amount and have at most 20% of the account in play only at any one time. During the rally in January, my account was up to 70-80% in the market. Right now, we're clearly still in a correction.
And we're all mom and pops here, at least that's my perception. That's why I have a journal to keep track. I didn't study anything close to finance during my college days. It was all in the science field. It did take me 15 years or so to feel the market, and I think that's why most might fail because they can sync up with the market. Once you're in sync with the market, you'll feel it's flow and should be able to see patterns and predict some direction in the market.
I think I said it before though that during corrections, I tend to lower risk. I've held positions for a shorter amount and have at most 20% of the account in play only at any one time. During the rally in January, my account was up to 70-80% in the market. Right now, we're clearly still in a correction.
And we're all mom and pops here, at least that's my perception. That's why I have a journal to keep track. I didn't study anything close to finance during my college days. It was all in the science field. It did take me 15 years or so to feel the market, and I think that's why most might fail because they can sync up with the market. Once you're in sync with the market, you'll feel it's flow and should be able to see patterns and predict some direction in the market.
I also wanted to point out that I was off in the WUBA earning trade. I thought yesterday was actually Wednesday and I was setting up for that earning trade with the release expected this morning, but today's actually Wednesday, so I'll have to wait another day.
I was also stopped out on the SQ weekly 49 calls near the lows yesterday only to watch SQ bounce back above 49. I didn't add the position back because I am still holding the Apr 50 calls on SQ.
I was also stopped out on the SQ weekly 49 calls near the lows yesterday only to watch SQ bounce back above 49. I didn't add the position back because I am still holding the Apr 50 calls on SQ.
I did add more SQ here. Used SQ Mar 49 calls, and no more than $500 risk on this position itself.
I added THO Mar 125 calls. This is an earning trade and I like the position. Shares fell hard on a downgrade that just continued when the market started its correction at the end of Jan. I also like BURL here, it looks like investors were spooked on ROST miss on same-store sales, but I believe that miss on ROST is specific to its store as TJX and a host of other retailers reported very good reports. BURL has been a stronger retailer among the bear market in this sector. I'm looking to add BURL Mar 120 or 125 calls soon.
Looks alright so far. THO's numbers were good (could be better but I'll take it). Shares of THO closed out AH at 127 +4.59. WUBA's numbers came out at 7pm and it looks very good too with eps growth +100% and rev growth at +38%. Shares closed out AH at 79.90 +2.79. I'll check on BURL tomorrow and hopefully catch a trifecta. I'll still need both of these to hold their prices through to tomorrow, but with Trump's tariffs announcement sometime in the afternoon I should be safe.
As for the other positions, I'll keep a close eye on BZUN. I thought it held $45 well, but sold off towards the close (usually not a good sign). SQ held up this time above $50. I want to see 2 more days above $50 for confirmation and then we can look for $55 soon. I'm going to close out the remaining JWN and take the losses on that position. I was hoping the JWN family would pitch $57-$60 for their takeout price, but they went cheap at $50. Just not going to happen at that price.
As for the other positions, I'll keep a close eye on BZUN. I thought it held $45 well, but sold off towards the close (usually not a good sign). SQ held up this time above $50. I want to see 2 more days above $50 for confirmation and then we can look for $55 soon. I'm going to close out the remaining JWN and take the losses on that position. I was hoping the JWN family would pitch $57-$60 for their takeout price, but they went cheap at $50. Just not going to happen at that price.
Do you have the sharp and sortino ratios numbers of your portfolio?
It looked like I was going to nail all 3 earning trades this time. I've been a little rusty in this section of my trades. So far I'm getting 2 out of 3 with BURL showing +10, and THO at +6.5 with WUBA just at breakeven (it was above 80 earlier this morning). With the tariff details not expected until at least in the afternoon, I will be adjusting my positions this morning. These earning positions should be closed out soon along with the JWN position. I've set a stop of about 1.00 on BZUN and beyond that all I have is 2 SQ positions that I like at current levels.
Took losses in WUBA and THO along with JWN. Losses totaled -930. The gain on BURL of +567 covered some of that. On the upside, SQ and BZUN have continued their rallies here and both are showing green. I am looking at MRVL with earning results due tonight. I'll also look at X depending on how the tariff details play out.